How will the epidemic change global container shipping?
Covid-19 has affected almost every industry, including shipping.
Large Numbers of freighters are lying idle, with empty containers previously full of cargo.The world's east-west container lines were hit the hardest because, at the height of the epidemic, many European countries imposed complete blockades, preventing people from going out to shop. The US partially blocked shops, reducing business hours and causing a sharp drop in consumption.
As a manufacturing continent, Asia has established an important position in world trade in the east-west shipping route, which can be regarded as a barometer of the global economy.
Analysts point out that cancellations of shipping routes and idling of cargo ships are only a short-term impact, and the outbreak could also be a catalyst for larger and more far-reaching changes in the global shipping industry.
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